Buy Stocks From the New Low List

By

Tim Melvin

| Sep 24, 2013 | 5:00 PM EDT

I am a big fan of stocks trading near their lows. I know all the really exciting stocks like Amazon (AMZN) and Facebook (FB) are up there on the list of stocks making new 52-week highs. But I am not interested in buying excitement in the stock market.

I have found over the years that excitement is expensive. I can watch a baseball game or read a Nelson DeMille novel when I am in search of excitement. When it comes to investing and the stock market, I want to buy stocks on sale and that means the new low list. Some of the best investors of the last century like Robert Rodriguez and Walter Schloss have championed buying stocks off the new list. I loathe to argue with people much smarter than I am....633 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.